About your Search

20121226
20130103
Search Results 0 to 2 of about 3
anybody is actually doing anything right now. gregg: what about harry reid? what's his, does he have anything at all maybe towards the end of the week he will put on the table? i've been hearing he will put to a vote an extension of the bush tax cuts for anybody making under $250,000 a year, extend unemployment benefits for some 2 million people that are about to lose them. what are you hearing? >> right. he sounded pretty pessimistic this morning but that could change and there's, kind of a fight, procedurally between the house and the senate in a sense that if reid originates a bill in the senate that would do what you said, people in the house say, well that would be unacceptable because the constitution requires revenue bills to originate in the house. but there is this bill that the house did pass a while back extending tax cuts for everybody. the senate could actually amend that bill. it originated in the house and then send it back and actually get somewhere. you have to remember that john boehner actually gave in on the principle of raising tax rates for the highest earners.
, the word we're getting is that harry reid is going to pass an extension of the bush tax cuts for anybody under 250,000, extend unemployment benefits for two million folks. um, now, if that happens, it goes to the house, and the house will probably have to put it up. aren't republicans, your party, going to wish that they had passed plan b? >> absolutely, gregg. look, plan b really should have been our plan a, number one. number two, plan b was really the idea of chuck schumer and nancy pelosi as recently as in this summer. to set the threshold on incomes to a million dollars versus 250,000, allow those tax rates for a million and above go up, the president talked about taxing millionaires and billionaires, that would be right, and now let the rest of the country enjoy the extension of the full bush tax cuts which i think we now even see democrats acknowledging have meaningful -- gregg: basil, if it doesn't work, the president's going to have egg on his face, right? >> no, not at all. gregg: come on. >> the president has come back with a compromise. the people that have egg on their face
the process is far enough along to actually have a meeting. earlier the top senate democrat harry reid did not say much. >> discussions continue today on a plan to protect middle class families from a tax increase tomorrow. there are a number of issues on which the two sides are still apart, but negotiations are continuing as i speak. >> reporter: i've talked to numerous people involved in these very delicate talks at this point who are expressing a lot of concern about peuz coming out at the the bottom of the hour to talk about this issue at such a delicate time in negotiations. >> thank you for that report. when the president does come out we'll bring it to you live here on fox news. rick: you just heard mike talking about the fight over new spending and a lack of budget cuts in this possible deal. the reuters news service reported a couple of minutes ago that the tentative deal now being hammered out in washington contains no new spending cuts. stu varney host of varney & company. >> that is a very big deal. if the issues of debt, debt accumulation, deaf sits and spending are not addres
Search Results 0 to 2 of about 3